From The Motley Fool: 2024-05-15 05:36:00

Nvidia is set to release its fiscal 2025 first-quarter results on May 22, following an 81% gain in shares this year. Analysts predict that the company’s earnings estimates will be revised higher, thanks to strong AI-related developments. TSMC’s strong first-quarter performance suggests positive results for Nvidia. Super Micro Computer’s outstanding revenue indicates robust demand for AI servers, boding well for Nvidia. Competitors like Intel and AMD are also raising their AI-related revenue expectations, reflecting the robust demand in the AI chip market. With Nvidia’s impressive growth and undervalued stock, buying before the earnings report on May 22 could be a smart move to capture potential upside.



Read more at The Motley Fool: 4 Reasons to Buy Nvidia Stock Before May 22